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Video: What is a Stock Split?
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Ovintiv is an oil and natural gas exploration and production company that is focused on developing its portfolio of oil and natural gas assets located in the U.S. and Canada. Co.'s operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Co.'s segments are: USA Operations, which includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the U.S.; Canadian Operations, which includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada; and Market Optimization, which includes the sale of its production to third party customers. According to our Ovintiv stock split history records, Ovintiv has had 1 split. | |
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Ovintiv (OVV) has 1 split in our Ovintiv stock split history database. The split for OVV took place on January 27, 2020. This was a 1 for 5 reverse split, meaning for each 5 shares of OVV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Ovintiv conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Ovintiv stock split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ovintiv shares, starting with a $10,000 purchase of OVV, presented on a split-history-adjusted basis factoring in the complete Ovintiv stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$112.90 |
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End price/share: |
$51.54 |
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Starting shares: |
88.57 |
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Ending shares: |
109.24 |
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Dividends reinvested/share: |
$6.97 |
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Total return: |
-43.70% |
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Average Annual Total Return: |
-5.58% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,631.71 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$112.90 |
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End price/share: |
$51.54 |
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Dividends collected/share: |
$6.97 |
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Total return: |
-48.17% |
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Average Annual Total Return: |
-6.36% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,183.39 |
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Years: |
10.00 |
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Date |
Ratio |
01/27/2020 | 1 for 5 |
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